M&A Deal Summary

BayPine Acquires Pinnacle Dermatology

On October 29, 2021, private equity firm BayPine acquired healthcare services company Pinnacle Dermatology from Chicago Pacific Founders

Acquisition Highlights
  • This is BayPine’s 1st transaction in the Healthcare Services sector.
  • This is BayPine’s 3rd transaction in the United States.
  • This is BayPine’s 1st transaction in Tennessee.
Investment Fate
  • Pinnacle Dermatology was sold to a strategic buyer in 2022.

M&A Deal Summary

Date 2021-10-29
Target Pinnacle Dermatology
Sector Healthcare Services
Buyer(s) BayPine
Sellers(s) Chicago Pacific Founders
Deal Type Secondary Buyout
Advisor(s) J.P. Morgan Securities (Financial)

Target

Pinnacle Dermatology

Brentwood, Tennessee, United States
website
Pinnacle Dermatology is a provider of a comprehensive suite of dermatology and cosmetic services, caring for conditions like psoriasis, dermatitis, acne, and eczema and providing early detection of and highly-effective treatments for skin cancers, through its team of board-certified dermatologists. Pinnacle Dermatology was founded in 2004 and is based in Brentwood, Tennessee.

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Buyer(S) 1

Buyer

BayPine

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2019
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BayPine is a private investment firm that seeks to invest in and acquire market-leading businesses across traditional sectors of the economy. BayPine has a particular interest in businesses where digital transformation can have a big impact on the future growth. BayPine was formed in 2020 and is headquartered Boston, Massachusetts.


DEAL STATS #
Overall 3 of 5
Sector (Healthcare Services) 1 of 2
Type (Secondary Buyout) 3 of 5
State (Tennessee) 1 of 2
Country (United States) 3 of 5
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-05 Mavis Discount Tire

Millwood, New York, United States

Mavis Discount Tire is an independent tire and service provider in the United States, with more than 1,100 service centers across 27 states. In addition to its core offering of tires from over 20 major brands, Mavis offers a menu of repair and maintenance services including brakes, alignments, suspension, shocks, and exhaust. Mavis Discount Tire was founded in 1972 and is based in Millwood, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Pinnacle Dermatology

Brentwood, Tennessee, United States

Pinnacle Dermatology is a provider of a comprehensive suite of dermatology and cosmetic services, caring for conditions like psoriasis, dermatitis, acne, and eczema and providing early detection of and highly-effective treatments for skin cancers, through its team of board-certified dermatologists. Pinnacle Dermatology was founded in 2004 and is based in Brentwood, Tennessee.

Sell -

Seller(S) 1

DESCRIPTION

Chicago Pacific Founders is a private equity firm focused on investments in the healthcare sector. Chicago Pacific has a specific interest in companies that are involved in healthcare delivery and in caring for aging populations. The Firm will consider opportunities throughout the US and Canada and looks to invest up to $75 million to support buyouts and growth capital needs. Chicago Pacific Founders was formed in 2014 and is based in Chicago, Illinois.


DEAL STATS #
Overall 2 of 2
Sector (Healthcare Services) 2 of 2
Type (Secondary Buyout) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 2 of 2
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-25 P3 Health Partners

Tucson, Arizona, United States

P3 Health Partners is an operator of a patient-centered, physician-led, and population health-focused healthcare company. P3 Health Partners was founded in 2015 and is based in Tucson, Arizona.

Sell -